Description: This course provides a detailed description of decision-making tools for electricity markets, addressing the perspectives of the market operator, producers, retailers, and consumers. These tools rely on stochastic optimization, and complementarity theory. The topics covered include market clearing algorithms, offering strategies for producers and stochastic producers, investment models for transmission and generation facilities and energy procurement strategies for retailers and consumers.
Topics include:
1 Electricity market organization
2 Market clearing algorithms
3 Market clearing algorithms with stochastic producers
4 Offering strategies for producers and stochastic producers
5 Investment models in production facilities
6 Transmission reinforcement and expansion planning
7 Energy procurement for retailers and consumers
Prerequisites:
Fundamentals of (i) optimization, (ii) power systems, and (iii) microeconomics.
Organizer: Professor Zhe Chen, zch@et.aau.dk – Aalborg University
Lecturers: Professor Antonio J. Conejo, The Ohio State University - United States
ECTS: 4
Time: 17 – 20 June, 2014
Place: Aalborg University, Pontoppidanstræde 101
Zip code: 9220
City: Aalborg
Number of seats: 30
Deadline: 26 May, 2014